Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CHICAGO-VSA Partners Inc. has leased 40,000 square feet on the second floor of 600 W. Chicago. The deal with the design agency brings the 1.5-million-square-foot River North office property, built in 1908, to 90% leased. The company plans to relocate in mid-2009 to the eight-story building from its current space at 1300 S. State St. in the South Loop.

“600 West was able to offer us not only favorable economic terms to accommodate the space we need today, but also gave us flexibility to meet our firm’s future growth,” Kerry Burda, CFO of VSA, said. “The building’s location, character and amenities will provide a great fit for our people and a great experience for our clients. We’re excited to work with the new owner, who is very forward-looking.”

A group of New York City investors, led by real estate attorney Victor Gerstein, acquired the building last year for a reported $300 million from a partnership including Taconic Investment Partners, Angelo Gordon & Co. and Centrum Properties. VSA was represented by Tom Volini, SVP with the Tenant Advisory Group of Grubb & Ellis. Brad Despot, SVP with Jones Lang LaSalle, represented the building owner in the long-term lease.

“We are pleased that VSA chose 600 West Chicago as a long-term home,” said Despot. “The building gives them the opportunity to upgrade their space, maintain their open, interactive culture, and accommodate their entire creative operation on one floor.” The asking lease rate for office space in the building is $25 per sf, gross, Despot told GlobeSt.com earlier this year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.